Privacy Policy

Midas Investments Ltd is committed to protecting your privacy. We comply with the European Data Protection Regulation (GDPR) and the Hong Kong Personal Data (Privacy) Ordinance (PDPO). In this Privacy Policy we describe what personal data we collect, why and how we use it.

What data we process?

We process personal data that you provide to us voluntarily as part of our business relationship. We also reserve the right to process personal data that we legitimately receive from publicly accessible sources.

Personal data includes:

Your personal details (e.g. name, address, contact details, date of birth, gender, place of birth, nationality)
Authentication data (e.g. identity card)
Data from the fulfilment of our contractual obligations (e.g. purchase amount, exchange amount, virtual payment data)
Information in accordance with the KYC (know your customer) principle resulting from the legal obligations under the Hong Kong anti-money laundering laws (e.g. customer profile, documentation of purpose and nature of the business relationship, proof of source of funds, PEP-check)
If necessary information about your financial status (e.g. creditworthiness data, scoring or rating data)
Advertising and sales data
Documentation data (e.g. advice record, memos)
Processing results that we generate ourselves and data in compliance with legal and regulatory requirements

Why we process the data?

We process the personal data mentioned above for the fulfilment of contractual obligations, for the performance of services, for the execution of our contracts with you, for the execution of pre-contractual measures, which take place on your request, as well as are required for the execution of all activities with the operation and administration of our activities and for the prosecution of legal claims. The purpose of data processing may include, among other things:

Analysis, quality assurance, consulting, and the execution of transactions
Fulfilment of legal obligations either before you or before any competent regulatory authority
Identity and age verification
Fraud and money laundering prevention, insofar as we are obliged under the applicable law
Protection of customers and employees as well as the property of Midas Investments
Prevention and combating fraud, insofar as we are obliged under the applicable law
Managing the business and further developing our practices.

Upon your request, all your personal data in our possession will be deleted, provided there are no legal storage obligations or legitimate interests to the contrary. This requires an email with the email address that we associate with you and a request for final deletion to HK@midaskeepsyou.com. We will respond immediately to such requests.

Where will your data be processed and by whom?

We will only disclose your personal data if we have either legal obligation or your explicit consent to this effect. At Midas Investments, only those employees who need your data to fulfil legal obligations and to safeguard legitimate interests have access to it. Service providers (contractors) employed by us receive data from us if they require this data to perform the respective service or if there is a corresponding case of permission. All contractors and vicarious agents are contractually obliged to maintain data secrecy and to treat your data confidentially and process it only within the scope of the provision of services. Midas Investments has implemented appropriate security policies and procedures to protect stored data. Sensitive data is not collected.

Third-Party Services Providers

Third parties service providers who assist us may be granted access to your data as long as necessary to perform required tasks on our behalf under the obligation not to disclose or use them for any other purpose.

Payment Processing Information

When necessary for the fulfilment of the contract, data may be handed over to our payment service providers or the bank responsible for the payment processing. The scope of the data is limited to the minimum required for the purpose of contract execution.

Data protection rights

You have the right to disclosure, rectification, deletion, processing restrictions, opposition, and data transferability. Moreover, there is a possibility to appeal to a data protection supervisory authority. The supervisory authority for compliance with data protection regulations in Hong Kong is the Privacy Commissioner for Personal Data:

Room 1303, 13/F, Dah Sing Financial Centre,

248 Queen’s Road East,

Wanchai, Hong Kong.

Phone: + 852 2827 2827

https://www.pcpd.org.hk/

Prior to contacting the supervisory authority, we request that you first assert all rights with Midas Investments. Please note that without your data we usually cannot execute the contract and may have to terminate it.

Storage Period

We process and store your personal data as long as it is necessary for the fulfilment of our contractual and legal obligations, at least for the duration of the entire business relationship and additionally in accordance with the statutory retention periods (e.g. 7 years for tax purposes). It is possible that the data may be made anonymous instead of being deleted. In this case, any personal reference will be irretrievably removed, which is why the deletion obligations under data protection law also cease to apply.

Use of Cookies

Cookies are small text files that are stored on the computer and in the browser. Cookies do not contain any individual information. We use them to provide a more effective and secure user experience. You have the option to refuse cookies at any time by selecting the appropriate option in the browser settings. We store cookies for a maximum period of 36 months and categorise them as follows:

Security: We use cookies to maintain a high level of security on our website. These cookies are used to prevent unauthorised access.
Statistics: We use cookies to make Midas Investments even more user-friendly and to learn from the website behaviour of our users.
Marketing: to be able to use our advertisements purposefully and to be able to deliver optimal advertisement which interests you regarding Midas Investments.

Last revised: 15 March 2022